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Concept of Commission


            A commission is the payment,  an agent gets for selling or buying something on behalf of another person.
            It is usually written as a percentage of cost price or selling price.

Example:
            An agent got 2% commission on selling a plot for 1000000. Find his commission.
Solution:
            Let       Sale Price = 1000000
            Commission Rate = 2%
            Amount of Commission = 2% x 1000000 = x 1000000 = 20000


Example:
            An agent received Rs.6000 as commission for selling a house. If his commission rate is 2%.             What is the selling price?
Solution:
            Let       Selling Price =
            Commission Rate = 2%
            Commission = (Selling Price)(Rate)
            6000 = x
           


 

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